No Legal Title to Collateral. No Secured Party shall have legal title to any part of the Collateral. No transfer, by operation of Law or otherwise, of any right, title or interest in respect of any of the Obligations or any right, title and interest of any Secured Party in and to the Collateral or this Mortgage shall operate to terminate this Mortgage or entitle any successor or transferee to an accounting or to the transfer to it of legal title to any part of the Collateral.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (America West Holdings Corp), Mortgage and Security Agreement (America West Holdings Corp)
No Legal Title to Collateral. No Secured Party shall have legal title to any part of the Collateral. No transfer, by operation of Law or otherwise, of any right, title or interest in respect of any of the Obligations a Note or any right, title and interest of any Secured Party in and to the Collateral or this Mortgage shall operate to terminate this Mortgage or entitle any successor or transferee to an accounting or to the transfer to it of legal title to any part of the Collateral.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (America West Holdings Corp), Engine Mortgage and Security Agreement (America West Holdings Corp)
No Legal Title to Collateral. No Neither the Secured Party nor any of the Lenders shall have legal title to any part of the Collateral. No transfer, by operation of Law or otherwise, of any right, title or interest in respect of any of the Obligations a Note or any right, title and interest of any the Secured Party or any Lender in and to the Collateral or this Mortgage shall operate to terminate this Mortgage or entitle any successor or transferee to an accounting or to the transfer to it of legal title to any part of the Collateral.
Appears in 1 contract
Samples: Loan Agreement (Flyi Inc)
No Legal Title to Collateral. No Neither the Secured Party nor any of the Beneficiaries shall have legal title to any part of the Collateral. No transfer, by operation of Law or otherwise, of any right, title or interest in respect of any of the Obligations or any right, title and interest of any the Secured Party or any Beneficiary in and to the Collateral or this Mortgage shall operate to terminate this Mortgage or entitle any successor or transferee to an accounting or to the transfer to it of legal title to any part of the Collateral.
Appears in 1 contract
Samples: Loan Agreement (Flyi Inc)
